NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The Corporation extends credit to its customers in the normal course of business and is at risk of loss in the event of non-performance by counterparties on certain of the financial and derivative instruments. To reduce its credit risk, the Corporation has established policies and procedures to monitor and limit the amount of credit extended to its customers and counterparties and may require letters of credit and other forms of security. As at March 31, 2018, the maximum credit exposure to a single counterparty was $47 million (2017 - $5 million) relating to a derivative intended to be settled physically in 2019. The carrying amount of financial and derivative assets represents the maximum credit exposure as follows:
(millions)
2018
2017
$
- 141 106 61
Cash Trade and other receivables Debt retirement funds Fair value of derivative instrument assets
$
1 111 101 5 218
$
308 $
At March 31, 2018, the exposure to credit risk for trade receivables by type of customer was as follows: (millions) 2018
2017
$
93 22 9 17
$
64 22 5 20
Distribution customers Transmission and storage customers Gas Marketing customers Other customers
$
141 $
Trade and other receivables
111
11. INTANGIBLE ASSETS
Computer Software
Under Development
(millions)
Total
COST Balance, April 1, 2016
$
110 31 (19) 122 24 (12) 134
$
95 19 -
$
15 12 (19) 8 12 (12)
Additions Transfers
Balance, March 31, 2017 Additions Transfers Balance, March 31, 2018
114 12 - 126
8
ACCUMULATED AMORTIZATION Balance, April 1, 2016 Amortization
55 7 62 8 70 60 64
55 7 62 8 70
- - - - -
Balance, March 31, 2017 Amortization Balance, March 31, 2018 CARRYING AMOUNTS Balance, March 31, 2017 Balance, March 31, 2018
8 $ 8 $
$ $
52 $ 56 $
The annualized composite rate of amortization was 7.0 per cent during the period (2017 – 7.0 per cent).
65
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